#jobless claims

The post British Pound elevates despite firm US claims appeared on BitcoinEthereumNews.com. GBP/USD trades higher near the 1.3400 area on Thursday, as the US Dollar (USD) fails to find support from stronger-than-expected United States (US) jobless claims data and hawkish signals in the latest Federal Open Market Committee (FOMC) Minutes. United States (US) Initial Jobless Claims fell to 215K, below expectations of 218K and the previous revised 217K, while the four-week average eased to 218.75K from 222.5K. However, Continuing Jobless Claims rose slightly to 1.814 million from 1.806 million, suggesting that while layoffs remain limited, workers are still taking longer to find new jobs. The Greenback also remained supported after the FOMC Minutes showed that policymakers were divided on the inflation outlook, with some officials seeing a case for tighter policy if price pressure remains elevated. A few Fed officials reportedly saw a case for a rate hike at the June meeting, reinforcing t

The post US Initial Jobless Claims dropped to 215K last week appeared on BitcoinEthereumNews.com. According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 215K for the week ending July 4. The latest print came in below initial estimates (218K) and was slightly lower than the previous week’s 217K (revised from 215K). Additionally, the 4-week moving average went down by 3.75K, bringing it to 218.75K from the revised average of the previous week (222.25K). The report also indicated that Continuing Jobless Claims increased by 8K to 1.814M for the week ending June 27. Market reaction The Greenback builds on Wednesday’s pullback, briefly dropping to new weekly lows near 100.80, as gauged by the US Dollar Index (DXY). The move lower in the US Dollar (USD) comes in tandem with the retracement in crude oil prices, while investors remain focused on developments from the Middle East

A healthier labor market eases rate hike fears, boosting equities and maintaining favorable conditions for risk assets like crypto. The post Nasdaq, Dow and S&P open higher as jobless claims fall to 215,000 appeared first on Crypto Briefing.

Stable jobless claims and modest job growth bolster expectations for Fed rate cuts, potentially boosting risk assets like Bitcoin and Ethereum. The post US jobless claims hold steady at 215,000 as labor market signals ‘goldilocks’ zone for risk assets appeared first on Crypto Briefing.